LSI Industries Expands $100 Million Quick Service Restaurant Program
18 Janvier 2021 - 10:50PM
LSI Industries (NASDAQ: LYTS), a leading U.S. based manufacturer of
indoor and outdoor lighting and graphics solutions, said today that
one of its long-standing quick service restaurant (QSR) customers
has awarded the Company new business valued at up to $20 million
through calendar year-end 2022. The award expands on a $100
million agreement that was announced last year. Along with
designing and manufacturing the customer’s drive-thru digital menu
boards, LSI also manages the installation and ongoing
support. The new award is for LSI to provide interior digital
signage at more than 6,000 of the customer’s locations throughout
North America.
“We are pleased that one of the largest quick
service restaurants in the world has once again chosen LSI to
implement another highly complex, multi-site solution,” said Jim
Clark, President and CEO of LSI Industries. “The expansion of
our $100 million contract exemplifies LSI’s ability to deliver
innovative solutions that are recognized and valued by our
customers. We appreciate the trust this customer has placed
in LSI, as it reflects the level of confidence we strive to earn
through demonstrated performance.”
LSI is using its internal team of specialists to
facilitate the program across more than 6,000 restaurants.
Program activity is well underway, and the project implementation
schedule is expected to accelerate during LSI’s current fiscal
year.
About LSI Industries,
Inc.Headquartered in Blue Ash, Ohio (Greater Cincinnati),
LSI Industries is a leading producer of high-performance,
American-made lighting solutions. The Company’s strength in
outdoor lighting applications creates opportunities for it to
introduce additional solutions to its valued customers. LSI’s
indoor and outdoor products and services, including its digital and
print graphics capabilities, are valued by architects, engineers,
distributors and contractors for their quality, reliability and
innovation. The Company’s products are used extensively in
automotive dealerships, petroleum stations, quick service
restaurants, grocery stores and pharmacies, retail establishments,
sports complexes, parking lots and garages, and commercial and
industrial buildings. LSI has approximately 1,100 employees
at seven manufacturing plants in the United States, including its
corporate headquarters. Additional information about LSI is
available at www.lsicorp.com.
Forward-Looking Statements:For
details on the uncertainties that may cause our actual results to
be materially different than those expressed in our forward-looking
statements, visit https://investors.lsicorp.com as well as our
Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q
which contain risk factors.
Contacts:
Investors:Noel Ryan,
IRC720.778.2415LYTS@vallumadvisors.com
Media:Mike WallnerSenior Manager,
Communications513.372.3417mike.wallner@lsi-industries.com
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